The growth pace has accelerated slightly in Q2. Sales were up 5% in local currencies and 9.6% reported to SEK51,383m. The gross margin has retreated by 50bp to 57.1%, bringing the gross profit to SEK29,345m (+8.8%). The operating margin has stepped up 10bp to 14.9%, increasing the operating profit by 10% to SEK7,650m. Net profit was up 10% to SEK5,897m. In the six months, sales surged by 8.6% (+5% in local currencies) to SEK98,368m. The operating profit was up 5.7% to SEK10,809m, i.e. an oper
29 Jun 2017
Faster growth in Q2
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Faster growth in Q2
H&M Hennes & Mauritz AB Class B (HMSB:ETR) | 0 0 0.3% | Mkt Cap: 203,588m
- Published:
29 Jun 2017 -
Author:
Rim BEN SALAH -
Pages:
2
The growth pace has accelerated slightly in Q2. Sales were up 5% in local currencies and 9.6% reported to SEK51,383m. The gross margin has retreated by 50bp to 57.1%, bringing the gross profit to SEK29,345m (+8.8%). The operating margin has stepped up 10bp to 14.9%, increasing the operating profit by 10% to SEK7,650m. Net profit was up 10% to SEK5,897m. In the six months, sales surged by 8.6% (+5% in local currencies) to SEK98,368m. The operating profit was up 5.7% to SEK10,809m, i.e. an oper